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    Buy Titan Company, target price Rs 2655: ICICI Direct

    Synopsis

    Titan Company Ltd. key Products/Revenue Segments include Jewellery, Watches, Precious & Semi Precious Stones, Eyewear, Others, Other Operating Revenue, Scrap, Other Services for the year ending 31-Mar-2022.

    TitanET CONTRIBUTORS
    Promoters held 52.9 per cent stake in the company as of 30-Sep-2022, while FIIs owned 16.77 per cent, DIIs 11.53 per cent.
    ICICI Direct has buy call on Titan Company with a target price of Rs 2655. The current market price of Titan Company is Rs 2579.

    Titan Company Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 227783.73 Crore) operating in Gems and Jewellery sector.

    Titan Company Ltd. key Products/Revenue Segments include Jewellery, Watches, Precious & Semi Precious Stones, Eyewear, Others, Other Operating Revenue, Scrap, Other Services for the year ending 31-Mar-2022.


    Financials
    For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 9224.00 Crore, down -2.77 % from last quarter Total Income of Rs 9487.00 Crore and up 22.20 % from last year same quarter Total Income of Rs 7548.00 Crore. Company reported net profit after tax of Rs 835.00 Crore in latest quarter.

    Investment Rationale
    Buying demand emerging from the 200 days EMA, thus provides favourable risk reward setup.

    Promoter/FII Holdings
    Promoters held 52.9 per cent stake in the company as of 30-Sep-2022, while FIIs owned 16.77 per cent, DIIs 11.53 per cent.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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